3. Get rid of small credit balances
Whilst having small balances on your credit cards can be a good thing, providing you are making on time payments, getting rid of those balances all together is a whole different ball game. Where possible, it is always more beneficial to your overall credit rating to rid yourself of smaller credit balances than to keep them lingering on. Your credit rating can be determined by the number of credit facilities you have available, including credit cards, so it’s always better to pay off the ones you are able to comfortably afford, as this will greatly improve your rating, allowing you to gain better offers from your creditors in the future.
